5. On January 1 , 2015 Titian Company bought machinery under contract that required down paymentof FIDO, 000 , plus 24 monthly payments of $50, 000 each, for a total cash payments of $1. 300, 000 .The cash price equivalent price of the machinery was $1, 100, 000 . The machinery has an Estimateduseful life of 10 years and Estimated residual value of $50, 000 . Titian uses straight line*depreciation .6 . In its 2015 income Statement , what amount should Titian report as depreciation for themachinery ?"FIOS, OODEF125, 000J. F110, 0DOF130, OOD